Hungary Drafts Law to Allow Banks to Offer Crypto Services

Hungary issues draft law allowing banks to offer crypto services The bill aims to establish a comprehensive regulatory framework for digital assets. Hungary is advancing a legislative proposal that would enable banks, investment funds, and asset managers to offer services in Bitcoin and other cryptocurrencies, according to a March 1 report by Bloomberg Law. The initiative marks a significant development in Hungary’s financial sector, aligning with a broader European movement towards the adoption of digital assets. Should the Hungarian bill be enacted, it would represent a notable step forward in allowing traditional financial institutions to incorporate crypto services. The laws are scheduled to come…